Meiji Yasuda Life Insurance Co Has $1.76 Million Position in Salesforce.com Inc (CRM)
Meiji Yasuda Life Insurance Co lifted its position in Salesforce.com Inc (NYSE:CRM) by 20.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,350 shares of the CRM provider’s stock after purchasing an additional 3,500 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Salesforce.com were worth $1,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Appropriate Balance Financial Services Inc. lifted its stake in shares of Salesforce.com by 6.9% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 513 shares of the CRM provider’s stock valued at $5,928,000 after purchasing an additional 33 shares during the period. Capital Analysts LLC raised its position in Salesforce.com by 14.1% during the second quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock worth $110,000 after acquiring an additional 156 shares during the period. Peddock Capital Advisors LLC raised its position in Salesforce.com by 3,000.0% during the second quarter. Peddock Capital Advisors LLC now owns 1,395 shares of the CRM provider’s stock worth $121,000 after acquiring an additional 1,350 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in Salesforce.com during the second quarter worth $130,000. Finally, First Personal Financial Services raised its position in Salesforce.com by 7.5% during the first quarter. First Personal Financial Services now owns 1,611 shares of the CRM provider’s stock worth $133,000 after acquiring an additional 112 shares during the period. Hedge funds and other institutional investors own 86.98% of the company’s stock.
A number of equities analysts have weighed in on CRM shares. Benchmark Co. upped their price objective on shares of Salesforce.com from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. Zacks Investment Research cut shares of Salesforce.com from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Vetr upgraded shares of Salesforce.com from a “buy” rating to a “strong-buy” rating and set a $100.19 price objective for the company in a research report on Monday, June 12th. BTIG Research restated a “buy” rating and set a $100.00 price objective on shares of Salesforce.com in a research report on Monday, May 22nd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $102.00 price objective (up from $100.00) on shares of Salesforce.com in a research report on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and forty-six have issued a buy rating to the company’s stock. Salesforce.com has an average rating of “Buy” and a consensus price target of $101.82.
COPYRIGHT VIOLATION NOTICE: This story was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another publication, it was stolen and republished in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/09/04/meiji-yasuda-life-insurance-co-has-1-76-million-position-in-salesforce-com-inc-crm.html.
Salesforce.com Inc (CRM) traded up 0.54% during trading on Monday, reaching $96.01. 3,679,583 shares of the company were exchanged. Salesforce.com Inc has a 52-week low of $66.43 and a 52-week high of $96.17. The stock’s market capitalization is $69.00 billion. The firm’s 50 day moving average is $91.25 and its 200 day moving average is $87.10.
Salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.24. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. Salesforce.com had a positive return on equity of 1.83% and a negative net margin of 0.85%. The business’s revenue was up 25.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.24 EPS. Analysts expect that Salesforce.com Inc will post $1.31 EPS for the current year.
In other Salesforce.com news, insider Parker Harris sold 8,027 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $87.31, for a total value of $700,837.37. Following the sale, the insider now directly owns 49,913 shares of the company’s stock, valued at $4,357,904.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Amy E. Weaver sold 1,400 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $87.04, for a total value of $121,856.00. Following the completion of the sale, the insider now directly owns 16,513 shares in the company, valued at $1,437,291.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 751,306 shares of company stock worth $67,481,545. Corporate insiders own 6.70% of the company’s stock.
Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.
Receive News & Stock Ratings for Salesforce.com Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salesforce.com Inc and related stocks with our FREE daily email newsletter.